Data as of Oct 28, 2026.

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DIA vs IWO: Differences, Returns & Fees

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Over the year to Oct 28, 2026, DIA returned +11.6% to IWO's +7.9%; 0% of their weight is in the same names.

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Net assets on Oct 27, 2026: $45.9bn for SPDR Dow Jones Industrial Average ETF Trust and $14.0bn for iShares Russell 2000 Growth ETF.

At a glance
+11.6%
DIA total return, 1 year
+7.9%
IWO total return, 1 year
0.16%
DIA expense ratio
0.24%
IWO expense ratio

Pair scorecard

DIA costs 0.08 points a year less; their one-year returns differ by 3.7 points; DIA is 3.3 times larger.

DIA vs IWO: Differences, Returns & Fees
MeasureDIAIWO
Return
Total return, 1 year+11.6%+7.9%
Drawdown
Below its high3.0%, high on Aug 5, 20269.9%, high on Aug 14, 2026
Benchmark
What it tracksDow Jones Industrial AverageRussell 2000 Growth Index
Cost and size
Expense ratio0.16%0.24%
Net assets, as of Oct 27, 2026$45.9bn$14.0bn
Holdings
Holdings in common0%
Top ten holdings, share of the fund54.7%6.4%

Holdings in common uses holdings dated Oct 27, 2026. Method

Risk and return

Aug 4, 2000 to Oct 23, 2026 · 1,368 weekly returns
DIA IWO
Return
Total return edge DIA +750.1% +433.5%
Annualized edge DIA +8.5% +6.6%
Price return edge DIA (slight) +385.0% +350.2%
Risk
Volatility edge DIA 17.0% 23.8%
Max drawdown edge DIA −50.9% −58.2%
Risk-adjusted
Sharpe edge DIA 0.46 0.31
Sortino edge DIA 0.64 0.44
Calmar edge DIA 0.17 0.11
Reading

DIA returned more: +750.1% to +433.5%. DIA swung less: 17.0% to 23.8%. DIA fell less at its worst: −50.9% to −58.2%.

Full scorecard

9 measures, with how each is measured
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Risk and return: DIA vs IWO: Differences, Returns & Fees
MeasureDIAIWOEdgeHow it is measured
Return
Total return+750.1%+433.5%DIAPrice change plus distributions, reinvested.
Annualized+8.5%+6.6%DIATotal return as a yearly rate.
Price return+385.0%+350.2%DIA (slight)Price change alone, distributions left out.
Risk
Volatility17.0%23.8%DIASpread of weekly returns, annualized. Lower is steadier.
Downside deviation12.1%16.9%DIALike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−50.9%−58.2%DIADeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.460.31DIAReturn above Treasury bills per unit of volatility.
Sortino0.640.44DIAReturn above Treasury bills per unit of downside deviation.
Calmar0.170.11DIAAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,368 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

0%

By the books each fund has filed, DIA and IWO hold 0% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.

0 half 100%

half

0% in common

Positions both hold · largest shared weight first DIA IWO
Only in one fund ↓
Only in DIA
GOLDMAN SACHS GROUP INC 10.34%
CATERPILLAR INC 8.09%
MICROSOFT CORP 6.03%
AMGEN INC 5.08%
UNITEDHEALTH GROUP INC 4.65%
VISA INC CLASS A SHARES 4.56%
TRAVELERS COS INC 4.50%
APPLE INC 3.94%
Only in IWO
JFROG 0.74%
TWIST BIOSCIENCE 0.71%
GLAUKOS 0.70%
MOOG INC CLASS A 0.68%
BRIGHTSPRING HEALTH SERVICES INC 0.66%
10X GENOMICS CLASS A 0.61%
RYMAN HOSPITALITY PROPERTIES REIT 0.60%
INTERDIGITAL INC 0.58%
Check overlap with more funds →

Side by side

DIA SPDR Dow Jones Industrial Average ETF Trust IWO iShares Russell 2000 Growth ETF
Where it sits Stock ETF Stock ETF
What it is Tracks the Dow Jones Industrial Average Tracks the Russell 2000 Growth
Total return, 1 year +11.6% +7.9%
Its benchmark over the same days not measured +8.0% (VTWG)
Gap to its benchmark not measured −0.1 pts vs VTWG
Expense ratio 0.16% 0.24%
Already in the S&P 500 97.1% 0.0%
Holdings 30 1122
Net assets, as of Oct 27, 2026 $45.9bn $14.0bn

DIA and IWO on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-D27705E083

DIA and IWO do different jobs. What does each one do in a portfolio?

  1. What each follows. DIA follows Dow Jones Industrial Average and IWO follows Russell 2000 Growth Index.
  2. Holdings in common. 0% of the weight is in the same securities (holdings dated Oct 27, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 DIA returned +11.6% and IWO +7.9% with distributions reinvested, a gap of 3.7 points.

Data as of Oct 28, 2026.

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About each fund
DIA

DIA tracks the Dow Jones Industrial Average. Over the year to Oct 28, 2026 it returned +11.6% with distributions reinvested. The prospectus expense ratio is 0.16% a year. By its holdings published by its issuer for Oct 27, 2026, 97% of the fund by weight is stocks the S&P 500 also holds, across 30 positions, with the top ten at 54.7%. It sat 3.0% below its high of Aug 5, 2026 on Oct 28, 2026.

IWO

IWO tracks the Russell 2000 Growth. Over the year to Oct 28, 2026 it returned +7.9% with distributions reinvested, against +8.0% for its benchmark, the Russell 2000 Growth Index. The prospectus expense ratio is 0.24% a year. By its holdings published by its issuer for Oct 27, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 1,122 positions, with the top ten at 6.4%. It sat 9.9% below its high of Aug 14, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, DIA or IWO?
In the year to Oct 28, 2026, with distributions reinvested, DIA returned +11.6% and IWO +7.9%.
Which is cheaper, DIA or IWO?
DIA is cheaper, by 0.08 percentage points a year. That is about $8 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do DIA and IWO overlap with the S&P 500?
By their latest filed holdings, 97% of DIA and 0% of IWO by weight is stocks the S&P 500 already holds.
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ETFIQ, DIA against IWO, data as of Oct 28, 2026. https://etfiq.com/compare/any/dia-vs-iwo

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